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A House Joint Revenue and Finance and International Relations,
Tourism, and Trade Committee Hearing Thursday in Springfield
delved into the impacts Trump administration tariffs could have
on the state’s businesses.
Illinois Retail Merchants Association’s Rob Karr said retailers
are at the end of the line for increased costs.
“And then the retailer has to throw in all the other costs they
experience: labor, energy, property taxes are huge,” Karr said.
Every industry is impacted differently by tariffs, Karr said.
“But I think when you look at the broad base, I think we have to
talk about wage and labor mandates, we certainly have to talk
about property taxes,” Karr said. “Particularly, but not
exclusively, in Cook County, it is becoming untenable for
commercial and industrial enterprises as we’ve seen a huge
shift.”
Others testified to the cost of building new homes in Illinois.
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